Bill > SB01522

This bill renames the "Community Investment Account" to the "Donald E. Williams, Jr. Community Investment Account" and increases funding by modifying several fee structures. Specifically, the bill increases the fee distribution from ten to twelve dollars for each fee credited to the account, with adjustments to how those funds are allocated across various state departments and programs. For the Department of Economic and Community Development, the bill increases funding for the Connecticut Trust for Historic Preservation from $380,000 to $475,000 annually. The Department of Agriculture will see increased funding for several programs, including the agricultural viability grant program (from $500,000 to $625,000), the farm transition program (from $500,000 to $625,000), and various other agricultural initiatives. Additionally, the bill changes town clerk recording fees, increasing the total fee from forty to fifty dollars, with town clerks now retaining two dollars (up from one dollar) and remitting forty-five dollars (up from thirty-six dollars) to the state. These changes aim to provide more robust funding for community development, historic preservation, agriculture, housing, and open space programs, while also honoring Donald E. Williams, Jr. by naming the investment account after him. The bill is set to take effect on July 1, 2025.

Budget and Finance, Government Affairs

Government Administration and Elections Committee (Joint)

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB01522&which_year=2025